"To compare the legal descriptions of WMI (Washington Mutual, Inc.) as of 2008 and 2023, and WMIH, we need to look at the evolution of these entities over time, especially considering significant events such as Washington Mutual's bankruptcy in 2008.
### Washington Mutual, Inc. (WMI)
**As of 2008:**
Washington Mutual, Inc. was a savings bank holding company and the former owner of Washington Mutual Bank, which was the United States' largest savings and loan association until its collapse in September 2008. It was heavily involved in the mortgage banking industry.
**As of 2023:**
After its collapse, the assets of Washington Mutual Bank were sold to JPMorgan Chase by the Federal Deposit Insurance Corporation (FDIC). Washington Mutual, Inc. itself, which was left with liabilities and few assets, was dissolved as part of the bankruptcy process. The entity ceased to exist in its previous form and its remaining operations and assets were liquidated or absorbed by other entities.
### WMIH Corp. (formerly known as WMI Holdings Corp.)
**As of 2008:**
WMIH Corp., as part of Washington Mutual, didn't exist separately in 2008. It later emerged from the remnants of Washington Mutual, Inc. after its bankruptcy proceedings.
**As of 2023:**
WMIH Corp. has undergone significant transformations. It became a component of the reorganized entity post-Washington Mutual's bankruptcy. It later merged with Nationstar Mortgage to form Mr. Cooper Group Inc., which is primarily engaged in the servicing and origination of mortgage loans. This merger represents a shift from WMIH's previous role as a holding entity managing residual assets.
To provide a thorough and accurate comparison, I might need to access specific legal documents or more detailed historical records. If you need further detailed legal descriptions or documents, accessing databases like PACER (Public Access to Court Electronic Records) in the U.S., which provides access to federal court documents, might be necessary."
OpenAI ChatGPT
I think we're going to probably end up getting into predictions with the software so in a few years I'll literally be able to get a likelihood percentage based on human behavior: past performance, current trends, and it'll give me a percentage of likelihood of getting paid within a given number of months.... This is my prediction.
